Wise financial literacy - Study guides, Class notes & Summaries

WISE FINANCIAL LITERACY CERTIFICATION EXAM NEW 2024 VERSION BEST STUDYING MATERIAL WITH ALL QUESTIONS AND ANSWERS

Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally A: have at least a high school diploma. B: have one-quarter of the cost of the home for a down-payment. C: fulfill income guidelines. D: provide two individuals to co-sign the loan. - Answer- C: fulfill income guidelines. A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should focus on which question fir...

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Wise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% VerifiedWise Financial Literacy Test Questions and Answers 100% Verified If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the: - ANSWER-US Treasury Department The most liquid type of investment is: - ANSWER-A money market account. He financial institution where Ms. San...

WISE Financial Literacy Certification Practice Questions With Actual Correct Answers

Earned Income - ANSWER Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Unearned Income - ANSWER Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock Exemptions (aka allowance) and how they work - ANSWER If you are not claimed as a dependent on another taxpayer's return, then you can cla...

Which of the following does the Federal Reserve use to regulate the nation's money supply? - Answer- Monetary policy Identify the background color of a U.S. $5.00 bill. - Answer- Green A type of electronic funds transfer (EFT) is: - Answer- An ATM transaction Scott just got an ATM card to use and must choose a PIN (Personal Identification Number). How should he select a PIN that will give him maximum protection against anyone else being able to find out what the PIN is? - Answer- Use a...

Wise Financial Literacy Practice Test Questions and Answers (Graded A)Wise Financial Literacy Practice Test Questions and Answers (Graded A)Wise Financial Literacy Practice Test Questions and Answers (Graded A)Wise Financial Literacy Practice Test Questions and Answers (Graded A)Wise Financial Literacy Practice Test Questions and Answers (Graded A) If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the - ANSWER-A: US Treasury Department. In order to track l...